905 Cooks Ln · Baltimore, MD 21229

$219,000

5 bd · 1.0 ba · 1,604 sqft · SingleFamily public records · 96 Days on market

Built 1925 4,922 sqft lot $137/sqft · 43% below area Est $385k · 43% under $2/mo HOA ↓ 20% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.5/10.0
• 1% rule +4.9/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special . .. .motivated seller. .. .Sold as-is. .. .bring an offer. . Great location. .. Welcome to this West Hills single family has plenty of space and opportunity to Reno into exactly what you want and need! 5 beds / 1 Bath with a basement. This one does need work - Investor Special or Renovation loan would be best!! Great location and great bones. Hardwood throughout the main living areas and bedrooms. Basement allows plenty of storage.

Key facts

• Plenty of space
• Plenty of storage
• Hardwood throughout

Tags

• PLENTY OF SPACE
• HARDWOOD THROUGHOUT
• PLENTY OF STORAGE

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $219k.

Deal economics

• At list price, monthly cash flow is $172 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $217k (1.1% below list).
• Recommended offer: $199k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 6.0% in Baltimore — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 76/100 on livability (#90 in MD, #3,396 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: schools D, crime F.
• Baltimore City Public Schools (urban): math 7% / reading 16% proficiency, ranked #24 of 24 in MD (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.4%/yr); 252 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 43% of the median local income ($60k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 96 days — a 9% lower offer ($199k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $199,290 (9.0% below list)

Questions for the listing agent

1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.99% ✗
• Cap rate: 7.24%
• Cash-on-cash: 3.37%
• DSCR: 1.15
• GRM: 8.4

CMA / ARV

• ARV (median comp): $384,705
• List price: $219,000
• Delta: -43.07%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
715 Brookwood Rd	0.28mi	4/2.0 (-1)	1,634 (+2%)	12mo	$350,000	$214	65
1344 Martin Dr	0.36mi	4/2.0 (-1)	1,512 (-6%)	1mo	$295,000	$195	64
841 Glen Allen Dr	0.41mi	4/2.0 (-1)	1,615 (+1%)	10mo	$400,000	$248	62
516 N Rock Glen Rd	0.65mi	4/3.5 (-1)	1,476 (-8%)	5mo	$429,000	$291	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.38% rent growth · sell at horizon

5-year hold

• IRR: -8.3%
• Equity multiple: 0.69×
• Total profit: $-19,160
• Equity at exit: $32,654

10-year hold

• IRR: 4.1%
• Equity multiple: 1.33×
• Total profit: $20,523
• Equity at exit: $18,935

Cash invested: $61,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 12 Strongly Tenant-Friendly
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City Baltimore: 12 Strongly Tenant-Friendly · D+58

Just-cause for tenancies > 1 yr.

Methodology + full state rankings →

ZIP-level market 21229

• Rents YoY: 5.4%
• Active inventory: 252
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,167 medium
• Mortgage (P&I): −$1,148
• Tax from tax record: −$298 /mo · $3,576/yr
• Insurance: −$91
• HOA: −$2
• Vacancy / Maint / Mgmt: −$455
• Net cashflow: $172

Break-even live

Break-even rent $1,949

Max offer price $219,000

Occupancy floor 87%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
945 Saint Agnes Ln Gwynn Oak, MD	4.0	2.0	1500	$1,985	$1.32	18d	1	0.72mi
114 S Rock Glen Rd Baltimore, MD	4.0	1.5	1160	$2,350	$2.03	12d	1	1.02mi
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	24d	1	1.41mi

HOA detail

• Monthly dues: $2 · $24/yr

Listing history 22 events

1. 2026-06-18
   days on market $219,000 Active 96 DOM
2. 2026-06-17
   days on market $219,000 Active 95 DOM
3. 2026-06-16
   days on market $219,000 Active 94 DOM
4. 2026-06-15
   days on market $219,000 Active 93 DOM
5. 2026-06-13
   days on market $219,000 Active 91 DOM
6. 2026-06-09
   days on market $219,000 Active 87 DOM
7. 2026-06-08
   days on market $219,000 Active 86 DOM
8. 2026-06-07
   days on market $219,000 Active 85 DOM
9. 2026-06-04
   days on market $219,000 Active 82 DOM
10. 2026-06-03
    days on market $219,000 Active 81 DOM
11. 2026-06-02
    days on market $219,000 Active 80 DOM
12. 2026-06-01
    days on market $219,000 Active 79 DOM
13. 2026-05-31
    days on market $219,000 Active 78 DOM
14. 2026-04-17
    status Active 453-char remark

    Show marketing remark (453 chars)

    Investor Special . .. .motivated seller. .. .Sold as-is. .. .bring an offer. . Great location. .. Welcome to this West Hills single family has plenty of space and opportunity to Reno into exactly what you want and need! 5 beds / 1 Bath with a basement. This one does need work - Investor Special or Renovation loan would be best!! Great location and great bones. Hardwood throughout the main living areas and bedrooms. Basement allows plenty of storage.

15. 2026-04-15
    historical Active Under Contract 453-char remark

    Show marketing remark (453 chars)

    Investor Special . .. .motivated seller. .. .Sold as-is. .. .bring an offer. . Great location. .. Welcome to this West Hills single family has plenty of space and opportunity to Reno into exactly what you want and need! 5 beds / 1 Bath with a basement. This one does need work - Investor Special or Renovation loan would be best!! Great location and great bones. Hardwood throughout the main living areas and bedrooms. Basement allows plenty of storage.

16. 2026-03-12
    listed $219,000 Active 453-char remark

    Show marketing remark (453 chars)

    Investor Special . .. .motivated seller. .. .Sold as-is. .. .bring an offer. . Great location. .. Welcome to this West Hills single family has plenty of space and opportunity to Reno into exactly what you want and need! 5 beds / 1 Bath with a basement. This one does need work - Investor Special or Renovation loan would be best!! Great location and great bones. Hardwood throughout the main living areas and bedrooms. Basement allows plenty of storage.

17. 2026-02-28
    historical
18. 2026-01-28
    status Active
19. 2026-01-22
    historical Active Under Contract
20. 2026-01-07
    price $225,000
21. 2025-11-04
    price $250,000
22. 2025-09-01
    listed $275,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $3,576 · $298/mo
• Projected year-2 tax: $3,576 · $298/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,003
• − Mortgage interest: −$12,267
• − Property taxes: −$3,576
• − Insurance: −$1,095
• − Repairs & maintenance: −$2,080
• − Management: −$2,080
• − HOA: −$24
• − Depreciation: −$6,371
• Taxable loss: −$1,490
• Est. tax savings @ 24.0%: +$358
• After-tax cash flow: $2,424/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Baltimore City Public Schools
• NCES district ID: 2400090
• Math proficiency: 7% ▼ -9.00%
• Reading proficiency: 16% ▼ -5.00%
• Median HH income: $42,108
• Composite: 10.08/100
• National rank: #9805
• State rank: #24 of 24 in MD

Livability — Baltimore

• Score: 76/100
• State rank: #90
• US rank: #3396

Category grades

Amenities A+ Commute A+ Cost of living A- Crime F Employment C Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baltimore, MD
• County: Baltimore City · 558,601 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 624,249 people
• By 2030: 621,541 · -0.4%
• By 2040: 609,756 · -2.3%
• By 2050: 597,249 · -4.3%
• By 2075: 552,236 · -11.5%
• By 2100: 513,934 · -17.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (73%)
• Race & ethnicity: Black 73% White 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Baltimore

• 2024 margin: Solid D (+73.0) · D 85.2% · R 12.2% · Other 2.6%
• 2008→2024 swing: -2.5pp toward R · 2008: 75.5pp · 2024: 73.0pp
• All cycles: 2024: D+73.0 2020: D+76.6 2016: D+74.6 2012: D+76.4 2008: D+75.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• Metro: Baltimore-Columbia-Towson, MD
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

-20.4% since first listed

9 events — show timeline

• 2026-04-17 Relisted — BRIGHT MLS
• 2026-04-15 Contingent — BRIGHT MLS
• 2026-03-12 Listed $219,000 BRIGHT MLS
• 2026-02-28 Listing Removed — BRIGHT MLS
• 2026-01-28 Relisted — BRIGHT MLS
• 2026-01-22 Contingent — BRIGHT MLS
• 2026-01-07 Price Changed $225,000 BRIGHT MLS
• 2025-11-04 Price Changed $250,000 BRIGHT MLS
• 2025-09-01 Listed $275,000 BRIGHT MLS

Property tax history

+0.5%/yr

Latest (2025): $3,576 · +4.9% YoY. Source: county tax records.